Manhattan Associates, Inc. (NASDAQ: MANH)’s stock price has gone decline by -8.44 in comparison to its previous close of 292.32, however, the company has experienced a -11.77% decrease in its stock price over the last five trading days. businesswire.com reported 2024-10-23 that ATLANTA–(BUSINESS WIRE)–Manhattan Associates Inc. (Nasdaq: MANH) today announced Giant Eagle’s successful implementation of Manhattan Active® Warehouse Management (WM), the industry’s leading cloud-native, evergreen, and extensible warehouse management solution. One of the nation’s largest food retailers and distributors, Giant Eagle has successfully transitioned three of its distribution centers from an on-prem Manhattan WMS to Manhattan Active Warehouse Management. It plans to shift its rem.
Is It Worth Investing in Manhattan Associates, Inc. (NASDAQ: MANH) Right Now?
Manhattan Associates, Inc. (NASDAQ: MANH) has a higher price-to-earnings ratio of 76.05x compared to its average ratio. MANH has 36-month beta value of 1.51. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for MANH is 60.55M, and currently, short sellers hold a 3.44% ratio of that float. The average trading volume of MANH on October 23, 2024 was 413.33K shares.
MANH’s Market Performance
The stock of Manhattan Associates, Inc. (MANH) has seen a -11.77% decrease in the past week, with a -6.41% drop in the past month, and a 8.42% gain in the past quarter. The volatility ratio for the week is 1.77%, and the volatility levels for the past 30 days are at 1.94% for MANH. The simple moving average for the past 20 days is -7.35% for MANH’s stock, with a 9.23% simple moving average for the past 200 days.
Analysts’ Opinion of MANH
Many brokerage firms have already submitted their reports for MANH stocks, with DA Davidson repeating the rating for MANH by listing it as a “Buy.” The predicted price for MANH in the upcoming period, according to DA Davidson is $240 based on the research report published on April 25, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see MANH reach a price target of $260. The rating they have provided for MANH stocks is “Neutral” according to the report published on March 13th, 2024.
Rosenblatt gave a rating of “Neutral” to MANH, setting the target price at $150 in the report published on April 11th of the previous year.
MANH Trading at -2.25% from the 50-Day Moving Average
After a stumble in the market that brought MANH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.96% of loss for the given period.
Volatility was left at 1.94%, however, over the last 30 days, the volatility rate increased by 1.77%, as shares sank -5.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.10% upper at present.
During the last 5 trading sessions, MANH fell by -11.41%, which changed the moving average for the period of 200-days by +32.87% in comparison to the 20-day moving average, which settled at $288.94. In addition, Manhattan Associates, Inc. saw 24.31% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MANH starting from Richards Bruce, who sale 2,473 shares at the price of $261.00 back on Aug 28 ’24. After this action, Richards Bruce now owns 27,763 shares of Manhattan Associates, Inc., valued at $645,453 using the latest closing price.
Richards Bruce, the SVP, CLO & Secretary of Manhattan Associates, Inc., sale 1,527 shares at $261.00 during a trade that took place back on Aug 29 ’24, which means that Richards Bruce is holding 26,236 shares at $398,547 based on the most recent closing price.
Stock Fundamentals for MANH
Current profitability levels for the company are sitting at:
- 0.25 for the present operating margin
- 0.42 for the gross margin
The net margin for Manhattan Associates, Inc. stands at 0.21. The total capital return value is set at 0.77. Equity return is now at value 89.78, with 34.47 for asset returns.
Based on Manhattan Associates, Inc. (MANH), the company’s capital structure generated 0.15 points at debt to capital in total, while cash flow to debt ratio is standing at 5.54. The debt to equity ratio resting at 0.18. The interest coverage ratio of the stock is -389.46.
Currently, EBITDA for the company is 215.63 million with net debt to EBITDA at -0.62. When we switch over and look at the enterprise to sales, we see a ratio of 15.97. The receivables turnover for the company is 5.13for trailing twelve months and the total asset turnover is 1.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.25.
Conclusion
To put it simply, Manhattan Associates, Inc. (MANH) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
